Thunder Bridge Capital Partners IV Inc. (NASDAQ:THCP) Sees Large Growth in Short Interest

Thunder Bridge Capital Partners IV Inc. (NASDAQ:THCP) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 11,100 shares, a growth of 35.4% from the May 31st total of 8,200 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 21,100 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Thunder Bridge Capital Partners IV

Several institutional investors have recently added to or reduced their stakes in THCP. Cowen AND Company LLC boosted its holdings in Thunder Bridge Capital Partners IV by 57.0% in the fourth quarter. Cowen AND Company LLC now owns 392,694 shares of the company’s stock valued at $4,013,000 after acquiring an additional 142,494 shares during the last quarter. Spartan Fund Management Inc. boosted its holdings in shares of Thunder Bridge Capital Partners IV by 1,764.1% during the 4th quarter. Spartan Fund Management Inc. now owns 76,616 shares of the company’s stock worth $783,000 after buying an additional 72,506 shares in the last quarter. ATW Spac Management LLC bought a new position in shares of Thunder Bridge Capital Partners IV during the 3rd quarter worth approximately $444,000. Finally, Virtu Financial LLC bought a new position in shares of Thunder Bridge Capital Partners IV during the 4th quarter worth approximately $356,000. 33.22% of the stock is currently owned by institutional investors.

Thunder Bridge Capital Partners IV Price Performance

Shares of Thunder Bridge Capital Partners IV stock remained flat at $10.59 on Friday. The stock had a trading volume of 107,791 shares, compared to its average volume of 44,952. The company has a fifty day moving average of $10.55 and a 200 day moving average of $10.37. Thunder Bridge Capital Partners IV has a one year low of $10.07 and a one year high of $10.64.

About Thunder Bridge Capital Partners IV

Thunder Bridge Capital Partners IV Inc does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial services industry. Thunder Bridge Capital Partners IV Inc was incorporated in 2021 and is based in Great Falls, Virginia.